BitMine Immersion Technologies has continued its trend of accumulating Ethereum, purchasing 101,627 tokens last week as part of its treasury strategy. This significant buy brings the company's total ETH holdings to approximately 4.97 million, solidifying its position among the largest treasury holders still actively buying ether.
The combined value of BitMine's crypto assets and cash now stands at $12.9 billion, with a substantial portion held in Ethereum, Bitcoin, and other cryptocurrencies. The company also holds about $1.12 billion in cash and equity positions, including investments in Beast Industries and Eightco Holdings.